Michael Norton (Harvard) presented in the Sustainable Finance Seminar at Maastricht University
Michael Norton (Harvard Business School) presented in the Sustainable Finance Seminar at Maastricht University.
Title: Wanting, Voting, and Paying for Greater Equality
Abstract: Our research reveals that people all over the world prefer less inequality – in wealth, health, and income. For example, Americans report an ideal CEO-to-worker pay ratio of 7:1 while the actual ratio is more than 300:1, and consumers prefer to buy from firms with lower pay ratios. Increasing awareness of current inequality shifts preferences toward policies that reduce it.